PROVASSUR: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PROVASSUR
Largest movements
- Current investments +€178,972
new in 2025: €178,972
- Cash -€88,895
down €88,895 (-21.8%), from €407,222 to €318,326
mainly Current investments (-€178,972) and Advances received (-€143,360)
- Receivables within one year -€34,782
down €34,782 (-46.2%), from €75,352 to €40,570
of which Trade receivables: -€28,392
- Tangible fixed assets -€6,883
down €6,883 (-69.1%), from €9,954 to €3,071
of which Furniture and vehicles: -€9,954
- Reserves +€180,900
up €180,900 (+68.8%), from €262,897 to €443,797
of which Distributable reserves: +€180,900
- Advances received -€143,360
no longer reported in 2025 (was €143,360)
- Tax, wage and social debts +€16,627
up €16,627 (+261.2%), from €6,366 to €22,993
- Gross operating margin +€193,424
up €193,424 (+217.8%), from €88,821 to €282,245
- Taxes +€63,149
up €63,149 (+218.3%), from €28,922 to €92,071
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €494,158 | €544,314 | +€50,155 | +10.1% |
| Fixed assets | 21/28 | €10,829 | €3,946 | -€6,883 | -63.6% |
| Tangible fixed assets | 22/27 | €9,954 | €3,071 | -€6,883 | -69.1% |
| Land and buildings | 22 | - | €2,700 | +€2,700 | |
| Plant, machinery and equipment | 23 | - | €371 | +€371 | |
| Furniture and vehicles | 24 | €9,954 | - | -€9,954 | |
| Financial fixed assets | 28 | €875 | €875 | = | 0.0% |
| Current assets | 29/58 | €483,329 | €540,368 | +€57,038 | +11.8% |
| Amounts receivable within one year | 40/41 | €75,352 | €40,570 | -€34,782 | -46.2% |
| Trade receivables | 40 | €67,845 | €39,453 | -€28,392 | -41.8% |
| Other amounts receivable | 41 | €7,507 | €1,117 | -€6,390 | -85.1% |
| Current investments | 50/53 | - | €178,972 | +€178,972 | |
| Cash at bank and in hand | 54/58 | €407,222 | €318,326 | -€88,895 | -21.8% |
| Deferred charges and accrued income | 490/1 | €756 | €2,500 | +€1,744 | +230.7% |
| Total equity and liabilities | 10/49 | €494,158 | €544,314 | +€50,155 | +10.1% |
| Equity | 10/15 | €292,228 | €473,204 | +€180,976 | +61.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €262,897 | €443,797 | +€180,900 | +68.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,253 | €6,253 | = | 0.0% |
| Distributable reserves | 133 | €254,784 | €435,684 | +€180,900 | +71.0% |
| Profit (loss) carried forward | 14 | €23,131 | €23,207 | +€76 | +0.3% |
| Amounts payable | 17/49 | €201,930 | €71,110 | -€130,821 | -64.8% |
| Amounts payable within one year | 42/48 | €201,930 | €71,110 | -€130,821 | -64.8% |
| Trade debts | 44 | €4,038 | €3,290 | -€748 | -18.5% |
| Suppliers | 440/4 | €4,038 | €3,290 | -€748 | -18.5% |
| Advances received on contracts in progress | 46 | €143,360 | - | -€143,360 | |
| Taxes, remuneration and social security | 45 | €6,366 | €22,993 | +€16,627 | +261.2% |
| Taxes | 450/3 | €6,366 | €22,993 | +€16,627 | +261.2% |
| Other amounts payable | 47/48 | €48,166 | €44,827 | -€3,339 | -6.9% |
| Non-recurring operating income | 76A | - | €286,720 | +€286,720 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,330 | €6,883 | -€1,447 | -17.4% |
| Other operating charges | 640/8 | €2,757 | €3,428 | +€671 | +24.3% |
| Gross operating margin | 9900 | €88,821 | €282,245 | +€193,424 | +217.8% |
| Operating profit (loss) | 9901 | €77,734 | €271,934 | +€194,200 | +249.8% |
| Financial income | 75/76B | €294 | €2,307 | +€2,012 | +683.4% |
| Recurring financial income | 75 | €294 | €2,307 | +€2,012 | +683.4% |
| Financial charges | 65/66B | €267 | €1,194 | +€927 | +346.8% |
| Recurring financial charges | 65 | €267 | €1,194 | +€927 | +346.8% |
| Profit (loss) for the period before taxes | 9903 | €77,762 | €273,047 | +€195,286 | +251.1% |
| Income taxes | 67/77 | €28,922 | €92,071 | +€63,149 | +218.3% |
| Profit (loss) for the period | 9904 | €48,840 | €180,976 | +€132,136 | +270.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,840 | €180,976 | +€132,136 | +270.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.